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The End of Europe (As We Know It)?
THE END OF EUROPE (AS WE KNOW IT)? As the Eurozone is amid secular stagnation, its old fiscal, monetary and banking challenges are escalating, along with new threats, including the Brexit, demise of Schengen, anti-EU opposition and geopolitical friction. According to Dan Steinbock, Brussels can no longer avoid hard political decisions for or against an […]
A European PATRIOT Act Will Not Keep People Safe
A European PATRIOT Act Will Not Keep People Safe It was not long after last week’s horrifying bombings in Brussels that the so-called security experts were out warning that Europeans must give up more of their liberty so government can keep them secure from terrorism. I guess people are not supposed to notice that every […]
Deadly Blowback from Neo-Imperial Wars
Deadly Blowback from Neo-Imperial Wars Exclusive: The E.U.’s crisis – with the post-World War II project to unify Europe spinning apart amid economic stress, refugees and terrorism – can be traced back to E.U./U.S. neo-imperial wars in the Arab world, says Jonathan Marshall. In what may be the most dramatic blowback yet from Western military intervention in […]
China Warns Officials: Allow Social Unrest, Lose Your Job
China Warns Officials: Allow Social Unrest, Lose Your Job To be sure, there are always going to be financial and geopolitical landmines and every once in awhile we – and by “we” we’re referring to the market, or the country, or humanity, or whatever collective you want to choose – are going to step on […]
‘Days of Revolt’: Chris Hedges, Michael Hudson Discuss How We Got to Junk Economics (Video)
‘Days of Revolt’: Chris Hedges, Michael Hudson Discuss How We Got to Junk Economics (Video) teleSUR In this episode of teleSUR’s “Days of Revolt,” Chris Hedges interviews Michael Hudson on the history of classical economics and explores Marx’s interpretation of capitalism as exploitation. Hudson is a professor of economics at the University of Missouri-Kansas City […]
Politicians push nuclear ‘poison pill’
Politicians push nuclear ‘poison pill’ Construction of a new nuclear reactor in Flamanville, France, is already six years behind schedule. Image: schoella via Wikimedia Commons The economics of nuclear power in Europe are in meltdown, leaving taxpayers facing a heavy burden as the industry clings to pledges of huge public cash injections. LONDON, 21 March, 2016 – The deeply […]
Lies, Damn Lies, and European Growth Statistics
Lies, Damn Lies, and European Growth Statistics ATHENS – “Greece has at last returned to economic growth.” That was the official European Union storyline at the end of 2014. Alas, Greek voters, unimpressed by this rejoicing, ousted the incumbent government and, in January 2015, voted for a new administration in which I served as finance […]
Will Italian banks spark another financial crisis?
Will Italian banks spark another financial crisis? In the 14th century, the Medici family of Florence began its rise to prominence, investing profits from a thriving textile trade to fund what would become the largest banking institution in Europe. The success of the legendary banking family helped to usher in the Italian Renaissance and thus change […]
“Freedom Always Dies Bit by Bit”: Bundesbank Takes Sides in War on Cash
“Freedom Always Dies Bit by Bit”: Bundesbank Takes Sides in War on Cash “Citizens should not be put under general suspicion.” There are two sides in the global war against cash. On one side are many of the world’s governments, central banks, fintech firms, banks, credit card companies, telecommunication behemoths, financial institutions, large retailers, etc. According […]
Europe Without the Union
Europe Without the Union The European project was always bound to fail. Europe is a continent riven by geographic barriers. It has spent two millennia not only indulging in massive and constant internal wars, but also keeping written records of them, informing each generation of all the times their forebears were wronged. Over the centuries, great […]
This Is How Government Dealt With Dissent And Revolt In Collapsing Venezuela – “Soldiers Shooting Civilians In The Streets, Paramilitaries Roaming Neighborhoods”
This Is How Government Dealt With Dissent And Revolt In Collapsing Venezuela – “Soldiers Shooting Civilians In The Streets, Paramilitaries Roaming Neighborhoods” Editor’ Note: The initial report about this incident was printed in error. While the videos and images below were believed to be recently recorded, several readers contacted us to report that these incidents occurred […]
GDP Declines When Govt. Grows — This is Basic Common Sense
GDP Declines When Govt. Grows — This is Basic Common Sense A reader has contributed these charts that demonstrate why the socialist agenda is destroying the world. As the reader points out: “It seems that the optimal govt spending (share) is max 35% (US, AUS), and not >50% like in Europe. Lower govt expenditure has doubled GDP […]
Collapse of the EU – Is it Inevitable?
Collapse of the EU – Is it Inevitable? QUESTION: Mr. Armstrong; The World Economic Conference was outstanding. Your theme that Europe was the focal point for the coming chaos has been proven valid with each passing day. You have mentioned this is the time that will begin the collapse in public confidence within the EU even surviving. […]
The Balkanization of Europe
The Balkanization of Europe Danae Stratou, Ilargi, Yanis Varoufakis and Steve Keen Feb 16 2016When my mate Steve Keen took me to meet Yanis Varoufakis for dinner last week when we all happened to find ourselves in Athens together, I at least sort of regretted not having the time and space to talk to Yanis about […]
